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Miner Intersects New Vein 'Amid Continued Exploration Success' in Mexico
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Recent drill results and their implications are presented in a ROTH Capital Partners report.

In a June 27 research note, ROTH Capital Partners analyst Jake Sekelsky reported that recent exploration at SilverCrest Metals Inc.'s (SIL:TSX.V) Las Chispas in Mexico "confirms previous expectations and sets the stage for further derisking" of the project.

Specifically, the Santa Rosa decline hit the high-grade Area 51 zone of the Babicanora vein and the newly discovered Babi Vista vein. The Babicanora vein was intersected within 10 meters of the existing resource model, confirming the estimated 3.6 meter (3.6m) true width and demonstrating the potential for Las Chispas resource expansion.

SilverCrest will follow up these events in H2/19 with bulk sampling for metallurgical testing, obtaining geotechnical studies, stockpiling of high-grade material and developing improved access to the Babicanora vein for additional infill and exploration drilling.

Also at Chispas, infill drilling over 18,488m in the Area 51 zone showed an average true width of 2.2m grading 7.1 grams per ton (7.1 g/t) gold and 752.6 g/t silver, or 1,290 g/t silver equivalent. "These results confirm both grades and thickness outlined in the existing resource estimate announced in Q1/19," Sekelsky wrote.

He noted, too, that the Babi Vista vein, discovered in Q2/19, could add high-grade ounces to the existing resource base at Las Chispas in the short term.

Sekelsky highlighted that SilverCrest is "swiftly advancing Las Chispas towards a feasibility study," which is anticipated in H2/20. He added that because further upside at the project likely exists, investors should view the preliminary economic assessment as merely a basis upon which the feasibility study can build.

ROTH has a Buy rating and a US$5.50 per share target price on SilverCrest, whose current share price is about US$4.07.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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Disclosures from ROTH Capital Partners, SilverCrest Metals, Company Note, June 27, 2019

Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

Shares of SilverCrest Metals may be subject to the Securities and Exchange Commission's Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.

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